The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-02-03
CONDITION OF THE MARKETS
A Sharp Bulge in the Provision Market
Gives a Better Tone to Cereals.
Provision "Shorts" Exhibit Great Anxiety to
Purchase-Rapid Fluctuations in Mess
Pork-Eard Steady at an Advance.
MONEY, BONDS AND STOCKS.

Less Animation In the Market, Owing to a
Probable Settlement of Labor Troubles.
NEW YORK, Feb. Mooney on call was
easy at 81 04 per cent, closing at 81 04 per cent
Prime mercantile paper, 81 064 per cent.
Sterling Exchange was dull but steady at 81. 85
for sixty day bills and a. So for demand
The total sales of stocks to-day were 3Ol, $50
shares, including the following: Canada
Southern, 1885, Delaware Lackawanna G. West
ern, 81 2s0 Erie, 10. 100: Kansas & Texas, 4,210;
Lake Shore, 1866; Louisville & Nashville, IL,
220; Missouri Pacific, 5000; New Jersey Central
S565; New York Central. 1906; Northern Pa
cifc preferred, 1850; Reading 46, 935: ST. Paul.
20, 12O; Texas Pacific. 5,175; Union Pacific, o.
03O Western Union, IL, TO-
Government bonds and State bonds were dull
and steady
The stock market showed less animation, and
the moving causes of the excitement yesterday
seems to bava entirely died away. Commercial
advices reported the markets on the other side
as quiet and steady and local influences alone
were responsible for the movements in this mar
ket. The trading, especially in the forenoon,
was again mostly between professionals and
room traders, and the probability of q settle
ment of the labor troubles exercised more in
fuence than anything else. There was good
buying of New England, which became the
special feature of the day, and In the afternoon
moro general purchasing movement was
noticed, and general advance, accompanied by
moderate degree Of activity, was the result.
Other prominent stocks were the coalers Rich
mond 81 West Point and ST. Paul. The open
ing was firm to strong, advances over yester-
days final quotations ranging from to /.
Omaha and Western Union were the only stocks
on the active list showing a decline. There
was considerable feverishness and irregular
ity during the forenoon, although the
dealings were only moderate in volume and
the tone generally firm. In the afternoon, how
ever, the speculation became much more inter-
esting, and not only was there o material in
crease in the amount Of business done but
moderate advances were made throughout the
list The highest prices were generally recorded
about p M, after which reslizations caused
Sagging off of small fractions. and the close was
rather heavy. Sales, 301, 1855 shares The
active list does not show single decrease this
evening, and New England is up "a, Cameron
Coal and Tennessee Coal, 2 each; Canada South
ern. Il, and Pacific Mail and Lackawanna. II
each.
Railroad bonds were dull and generally lower
during the forenoon, the special features being
the decline in Texas Pacific Rio trust receipts,
induced by the late action Of the income bond
holders. They declined from 81 to "a, closing
on a rally at Co., In the afternoon the market
sympathized closely with the trading in shares,
and a marked advance accompanied by larger
dealings occurred Conspicuous in the late ad-
vance were Fort Worth & Denver skies and
Hooking Valley fves. Closing quotations were